fastest pace in two years. fueled by demand for new autos and materials needed for the housing recovery. for traders and market watchers, the sweet spot jobs number is the consensus forecast of around 185,000 jobs added to july payroll. >> we need to see at least, if not better, if we want to continue to believe that the economy, in fact, has rounded that corner, that we're moving in the right direction and, you know, everything the government tells us is happening is in fact happening. >> reporter: a july jobs number north of 220,000 would be viewed by markets as a green light for the fed to move up the timetable for tapering the economic stimulus. >> it's going to give another reason for people to speculate and ben bernanke to say we're independently, we're creating the jobs and look at the pace and it will give them the leverage to say to have an out to start the taper.